New ETF Book by Larry Connors - Click here to read more
This offering has been priced at USD2.50 per share and will generate gross proceeds of approximately USD20m.
The investors will also receive warrants to purchase 2,800,000 shares of the company's common stock. These warrants have an exercise price of USD2.65 per share and are exercisable for a period of one year after the closing date.
Net proceeds will be used to fund the upcoming Phase 3 programmes for Keryx's lead drug candidates, Perifosine, a novel, oral PI3K/AKT pathway inhibitor for oncology, and Zerenex, a differentiated, iron-based phosphate binder.
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